What you need to know

Despite being a segment synonymous with power and style, consumers have seemingly lost interest in luxury vehicles. Generally speaking, consumers struggle to see luxury vehicles as good quality, even if they’re made with superior materials. And when it comes to classifying what makes a luxury vehicle, the brand of the automaker no longer carries any weight. The good news is that luxury automakers have the opportunity to regain control of the conversation and help consumers become reacquainted with what it truly means to be a luxury car brand.

Definition

This Report covers the sale of new domestic and imported luxury vehicles, consumer perceptions of luxury brands, and attitudes toward luxury vehicles.

Sales figures throughout this Report apply to new luxury vehicles and do not include pre-owned vehicles.While there is no hard definition for what constitutes a luxury vehicle, Mintel has compiled a list of vehicles based on branding, costs and features to identify luxury vehicles in the market today.

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